Kcp vietnam industries limited

A power plant uses bagasse from a sugar factory to produce electricity in Phú Yên Province. — Photo tuoitre.vn PHÚ YÊN — More than 10,000 sugarcane–farm households in the central province of Phú Yên are earning higher profits thanks to the use of bagasse from a sugar factory to produce electricity. The factory owned by KCP Vietnam Industries Limited (KCP VIL) has bought sugarcane from farmers in the province at a price VNĐ100,000 (US$4.3) per tonne higher than the market rate. Many sugarcane farmers in the country have turned to grow cassava because of the low price of sugarcane. Gia Lai and Phú Yên provinces are among the localities with the largest areas of sugarcane in the country, with more than 60,000ha. In mid-March, the market price of raw sugarcane was VNĐ720,000 to 760,000 ($31-33) per tonne. However, sugarcane farmers in Phú … [Read more...] about POWER PLANT’S USE OF SUGARCANE BAGASSE RAISES FARMERS’ INCOMES

Vietnam, EU reiterate commitment to trade, investment deals The Vietnamese Government and the European Commission (EC) have pledged to carry out the Europe-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) in a timely and effective manner. The commitment is expressed in a joint statement issued by Vietnam’s Minister of Industry and Trade Tran Tuan Anh and European Commissioner for Trade Cecilia Cecilia Malmström following their meeting on October 19 in Brussels on the sidelines of the 12th Asia-Europe Meeting Summit (ASEM 12). The statement said the Vietnamese Government is preparing plans to fulfill obligations under the free trade agreements while the EC stands ready to support the necessary reforms and adjustments through technical assistance. Both sides acknowledged the relevance of the trade and sustainable development chapter of the FTA and agreed to jointly promote initiatives in this field, including the ratification of the … [Read more...] about BUSINESS NEWS IN BRIEF 23/10

Vietnam’s Macroeconomic Policies-Third Quarter 2018 under scrutiny HCM City Securities Corp tops derivatives market share HCM City Securities Corporation (HSC) had the biggest market share on the derivatives market in the third quarter of 2018, according to the Ha Noi Stock Exchange. Of the 11 securities companies that are allowed to operate in the derivatives market, HSC held a 25.35 per cent market share. HSC was followed by VNDirect Securities JSC (23.98 per cent), MB Securities JSC (15.88 per cent) and Saigon Securities Inc (15.40 per cent). Other securities firms with less than 10 per cent market share included VPBank Securities JSC (9.87 per cent), BIDV Securities JSC (4.65 per cent) and Viet Capital Securities Co (2.84 per cent). The three new securities companies whose operation on the derivatives market had been accepted earlier by the HNX were Viet Dragon Securities JSC, KIS Vietnam Securities Co and Vietcombank Securities Co Ltd. Those three … [Read more...] about BUSINESS NEWS IN BRIEF 16/10

VIR's web chat: Opportunities for Phu Yen investment promotion Speaking at the event, Nguyen Chi Hien, member of the province Party Standing Committee and deputy chairman of the Phu Yen People’s Committee, said that similar to other central coast provinces, Phu Yen, with its location in the south central coast region, has great potential for economic development. Specifically, Phu Yen has huge potential to boost service and tourism economic development, thanks to the 130-kilometre (km) coastline, more than 20 national attractions, and 5km distance between Tuy Hoa City and Phu Cat Airport. In addition, with the advantages of the nearby coast-line, Phu Yen also has plenty of favourable conditions to develop high-tech agriculture and aquaculture. Along with these huge natural advantages, the provincial government believes that Phu Yen will be one of the best investment options for both local and foreign investors. More importantly, the current mission is to turn the potential and … [Read more...] about VIR’s web chat: Opportunities for Phu Yen investment promotion

RoK technology ventures seek opportunities in Vietnam An event connecting technology ventures of Vietnam and the Republic of Korea (RoK) was held in Ho Chi Minh City on August 22 to strengthen cooperation and trade activities between businesses of the two countries. It was organised by Vuccess Co., Ltd of the RoK, with support from the State Agency for Technology Innovation of the Ministry of Science and Technology, the Vietnam Trade Promotion Agency (Vietrade) of the Ministry of Industry and Trade, along with the Korea Institute of Science and Technology and Korea Techno-Ventures Foundation. At the event, Vietnamese firms were updated on latest technology and cooperation opportunities through 11 leading businesses of the RoK in various fields, including information technology, communications, power-electronics, garment-textile, chemistry, construction, energy and environment. Bui Hoang Yen from the Vietrade said that since Vietnam and the RoK established diplomatic relations in … [Read more...] about BUSSINESS NEWS IN BRIEF 25/8

1H FDI disbursement at $8.37 bn FDI projects were estimated to have disbursed $8.37 billion in the first half of this year, up 8.4 per cent year-on-year. Vietnam had 25,953 valid projects as at the end of the first half, with total registered capital of $331.24 billion. Total disbursed FDI capital was estimated at $180.74 billion, or 54.6 per cent of total registered capital in valid projects. Foreign investors have invested in 19 out of the 21 sectors in Vietnam to date, in which processing and manufacturing accounted for the highest proportion, with $189.13 billion, or 57.1 per cent of total investment capital, followed by real estate with $56.2 billion, or nearly 17 per cent, and the production and distribution of electricity, water and gas, with $21.92 billion, or 6.6 per cent. Valid projects come from 128 countries and territories. South Korea ranks first, with total registered capital of $61.67 billion, accounting for 18.6 per cent of the total. Japan ranked second, with $55.45 … [Read more...] about BUSINESS IN BRIEF 5/7

Wood exports continue expanding in first months of 2018 An upturn has been seen in exports of wood and wooden products, with export value in the first five months of 2018 reaching 3.3 billion USD, up 8.2 percent from the same period last year. The top four markets were the US, China, Japan and the Republic of Korea (RoK), together accounting for 78.1 percent of total export revenue. Strong growth was seen in the RoK and the US markets, with 45.3 percent and 9.7 percent respectively. In the first four months of 2018, Vietnam earned 1.1 billion USD from exporting wood and wooden products to the US, 367.3 million USD from China, 350.7 million USD from Japan and 288.8 million USD from the RoK. However, Nguyen Quoc Khanh, President of the Handicraft and Wood Industry Association of Ho Chi Minh City, warned that the US, the largest market for Vietnamese wood and wooden products, has prioritised the domestic wood sector by reducing corporate income tax from 35 percent to 25 percent. He … [Read more...] about BUSINESS IN BRIEF 24/6